News
UrbanAmerica Sheds Distressed Suburban Boston Office Asset
The 104,527-square-foot office building in Concord, Mass., changed hands through an $11 million trustee sale. The New England District of the Army Corps of Engineers has been occupying it since 1997.
JLL Names New Retail VP in Orlando
With more than 150 transactions completed, Brandon Delanois has been promoted from associate. He will focus on retail projects in mixed-use developments, university campuses and entertainment centers.
Duke Realty Adds New Tenant to GA Facility
Cushman & Wakefield represented the tenant, a logistics service provider, in the nearly 150,000-square-foot industrial lease transaction outside of Savannah.
Brookfield Secures Partners for $15B Purchase of GGP
The company has obtained commitments from four investment entities, including CBRE and TH Real Estate, to help finance its planned acquisition of the retail property owner.
Tru by Hilton Expands in Three College Towns
As it continues to grow its U.S. footprint, the hospitality chain’s midscale brand is adding properties in Madison, Wis.; Tallahassee, Fla.; and Auburn, Ala.
Orange County Business Center Commands $73M
PS Business Parks sold five multi-tenant buildings in Santa Ana, Calif., divesting itself of approximately 437,000 square feet of office space.
T2 Capital to Invest $10M in PA Distribution Facility
The company acquired the currently vacant facility with plans to fully upgrade and rebrand it as Canonsburg Distribution Center. The improvement program is slated for completion in September.
Orlando-Area Industrial Development Lands New Tenant
The Park @ 429, situated in the metro’s Ocoee/Winter Green submarket, is now 96 percent leased following the nearly 90,000-square-foot deal.
Hilton Opens 3 DoubleTree Hotels
The company unveiled properties in Helena, Mont., Phoenix, and St. Paul, Minn., totaling 551 keys. Guest amenities include pools, meeting space and fitness centers.
Chicago’s Industrial Corridor Renaissance
The North Branch Industrial Corridor is part of local authorities’ Industrial Corridor Modernization Initiative, a multi-year effort to review the city’s designated industrial areas. Baker Development Corp. Principal Dan Slack spoke to CPE about how the rezoning impacts development along the Chicago River.